Reddit Inc. (NYSE: RDDT) open the trading on Thursday, with a bit cautious approach as it glided -1.26% to $76.29, before settling in for the price of $77.26 at the close. Taking a more long-term approach, RDDT posted a 52-week range of $37.35-$78.08.
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The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 56.64%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -214.24%. This publicly-traded company’s shares outstanding now amounts to $165.88 million, simultaneously with a float of $74.35 million. The organization now has a market capitalization sitting at $12.65 billion. At the time of writing, stock’s 50-day Moving Average stood at $62.49.
Reddit Inc. (RDDT) Ownership Facts and Figures
Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Internet Content & Information industry. Reddit Inc.’s current insider ownership accounts for 55.18%, in contrast to 18.06% institutional ownership. According to the most recent insider trade that took place on Oct 15 ’24, this organization’s CEO & President sold 110,408 shares at the rate of 75.44, making the entire transaction reach 8,329,639 in total value, affecting insider ownership by 0. Preceding that transaction, on Oct 15 ’24, Company’s CEO & President sold 14,000 for 75.43, making the whole transaction’s value amount to 1,056,056. This particular insider is now the holder of 651,775 in total.
Reddit Inc. (RDDT) Earnings and Revenue Records
Reddit Inc.’s EPS decrease for this current 12-month fiscal period is -214.24% and is forecasted to reach 0.03 in the upcoming year.
Reddit Inc. (NYSE: RDDT) Trading Performance Indicators
Let’s observe the current performance indicators for Reddit Inc. (RDDT). It’s Quick Ratio in the last reported quarter now stands at 12.42. The Stock has managed to achieve an average true range (ATR) of 3.14. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 12.89.
In the same vein, RDDT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -3.51, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be 0.03 at the market close of one year from today.
Technical Analysis of Reddit Inc. (RDDT)
[Reddit Inc., RDDT] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 84.32% While, its Average True Range was 3.14.
Raw Stochastic average of Reddit Inc. (RDDT) in the period of the previous 100 days is set at 91.73%, which indicates a major rise in contrast to 82.78% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 40.77% that was lower than 56.90% volatility it exhibited in the past 100-days period.
